Quick Summary
Filing against Love Sharma runs in five stages: evidence, direct written complaint, SEBI SCORES, SMART ODR, and arbitration. A complaint qualifies if he promised guaranteed returns, gave specific lot instructions, sold a “Locked Trades” setup, referred you to a broker without disclosing his commission, or left you without support after a loss. SCORES generally requires a response within 30 days. SMART ODR opens with conciliation before moving to binding arbitration if unresolved.
A trade didn’t go the way you were told it would. A refund request sat unanswered for weeks.
A promise made on a phone call turned out to mean nothing once the money was already gone.
Whatever brought you here, you’re past wondering if something’s wrong; you want to know exactly how to complain against Love Sharma properly, in a way that actually moves somewhere, not another message sent into silence.
That real, working process is exactly what this page walks through, start to finish, step by step, with nothing skipped.
How to Complain Against Love Sharma in India?
A written complaint the firm ignores becomes your evidence for SCORES. A SCORES case that stalls becomes your entry point into SMART ODR.
That’s the actual reason the order below matters; each stage feeds directly into the next one.
Skipping ahead, or trying every channel at once, tends to slow a case down rather than speed it up, since each later stage generally expects to see that you genuinely tried the one before it first.
Here’s the full route, explained step by step.
Step 1: Gather Your Evidence First
Before contacting anyone, pull together everything you actually have.
- Save your payment receipts, bank statements, or UPI confirmations, showing exactly what you paid and when. Even a simple bank statement highlighting the transaction date and amount is enough to start with.
- Keep every WhatsApp or Telegram message, especially anything involving a promise, a specific return figure, or a lot quantity you were told to take. These messages are often the strongest evidence you’ll have, since they show exactly what was said, in the sender’s own words, at the exact time it was said.
- Save any trade calls or “Locked Trades” details you received, along with any recorded sessions or promotional material shown to you before you paid. If a call was recorded, note the date and roughly what was discussed, even without a transcript.
- Organise all of this by date. Whoever reviews your case, the firm, SEBI, or an arbitrator, needs to follow a clear timeline, not piece one together from scattered screenshots. A simple list, date, what happened, what evidence you have for it, makes every later step faster.
Step 2: Raise It With the Firm Directly
Put your complaint in writing and send it to Amaradarsh Research and Analytics, Love Sharma’s registered firm, before going anywhere near SEBI.
State clearly what you subscribed to, what you were told, what you paid, and exactly what went wrong. Vague complaints get vague responses, so be specific, name the dates, the amounts, and the exact promise or claim that didn’t hold up.
Attach your evidence from Step 1. Ask for a specific outcome, a refund, a correction, a written explanation, and give a reasonable deadline for a reply; typically a week or two is fair.
Keep every response you get, and if nothing comes back at all, that silence works in your favour later.
SEBI generally expects to see that you gave the registered firm a genuine chance to resolve things directly before escalating, so this step isn’t optional if you want your later complaint taken seriously.
Step 3: File Through SEBI SCORES
If the firm doesn’t respond, or the response doesn’t actually fix your problem, the next step is SEBI’s own complaint portal.
File it under the Research Analyst category, and confirm the exact registration number before you submit.
Running a proper SEBI registration check yourself first, comparing what you see against INH000011893, helps you file against the correct entity from the start, avoiding a delay that comes from a mismatched name or number, especially given the “TWL” branding versus “Amaradarsh Research and Analytics” naming difference already covered elsewhere in this cluster.
Once filed, entities are generally required to submit an Action Taken Report within 30 days.
You’ll receive a complaint number right after submission, save it, since it lets you track the status directly and becomes your reference for anything that follows.
You can file complaint in SCORES directly through SEBI’s own official portal.
Step 4: Escalate Through SMART ODR
If SCORES doesn’t resolve things, your complaint can move to SMART ODR, SEBI’s online dispute resolution system.
This stage opens with conciliation; a neutral third party works with both sides to try reaching a settlement without a formal hearing.
If conciliation doesn’t produce a resolution, the matter moves forward to arbitration automatically.
For disputes involving a specific financial amount, the SMART ODR login page offers a faster, structured mediation route than a full hearing.
Step 5: Arbitration, the Final Stage
An independent arbitrator reviews both sides’ documents and evidence before issuing a decision.
This stage runs entirely on paperwork; screenshots, messages, and payment records carry the most weight here, far more than how well you can tell the story verbally.
The arbitrator’s decision is final, and can order a refund, compensation for your loss, or both, depending on what the evidence actually supports.
The full mechanics of how arbitration in share market disputes actually works, timelines, costs, and what evidence carries the most weight, are covered separately in complete detail on that page.
Does Your Situation Qualify as a Complaint?
Not every disappointing outcome clears the bar for a formal complaint, and knowing the difference before you file saves real time.
A losing trade on its own, from an honestly delivered recommendation, is ordinary market risk.
Markets move unpredictably, and even a properly researched call can lose money without anyone having done anything wrong.
What genuinely crosses the line looks different, and it usually falls into a specific category:
- You were promised or assured a specific return before paying anything.
- You were told exactly how many lots to take, or sold a fully “locked” trade setup with the decisions already made for you.
- You were directed toward a broker without being told about a referral commission tied to that recommendation.
- You were contacted outside the platform’s official channels, for example through a personal WhatsApp number rather than the declared Telegram group.
- Support went quiet the moment your account started losing money, after being responsive beforehand.
What Filing Actually Achieves at Each Stage?
Time and effort go into every stage of this process, so it’s worth knowing upfront what each one can realistically deliver before you invest that time.
The firm itself can issue a direct refund or fix a service problem, often the fastest path if it actually cooperates. This stage relies entirely on goodwill, though; there’s no enforcement mechanism forcing a response.
SCORES doesn’t award money directly, but it creates something more valuable at this stage: a documented, official record.
Every later step in this process leans on that record existing, so even a SCORES complaint that doesn’t resolve your issue on its own still moves your case forward.
SMART ODR can produce a negotiated settlement through structured conciliation.
This is exactly what happened in the documented case referenced throughout this guide: a real settlement, reached without a formal hearing.
Arbitration is where a binding financial award actually gets ordered.
This stage is reserved for cases with a clear, documented loss that earlier stages didn’t resolve, and its decision carries legal weight the earlier stages don’t.
Not sure where your situation fits in this process?
Tell us what happened, and we’ll help you figure out exactly which step to start at, and what evidence will actually strengthen your case.
How to Verify Love Sharma’s Details Before You File?
If you haven’t already confirmed the actual registration details, our page on Love Sharma SEBI registered walks through exactly how to check this yourself, including a genuine detail worth knowing: the registration is listed under a different name than the “TWL” branding you’ll actually see publicly.
Knowing who you’re actually dealing with matters just as much as verifying the registration number itself.
For the complete company background, what Love Sharma actually offers, how TWL is structured across its different channels, and his career history before founding it, our page, Love Sharma Trader, covers that separately.
And if you’re weighing whether your own situation is even worth escalating, the full documented case, real evidence, and the actual arbitration findings behind the settlement referenced throughout this guide are covered in complete detail on our page: Love Sharma Trader Instagram.
Conclusion
Filing a complaint against Love Sharma isn’t a single message sent into silence; it’s a structured process, and each stage builds on the documentation from the one before it.
Start with the firm directly, in writing. Escalate through SEBI’s official channels if that doesn’t resolve things.
A real case, following this exact path, has already reached a documented settlement, proving this process genuinely works when the paperwork is solid.
Report. Recover. Stay Fraud Free.
It's not strictly required, but SEBI generally expects to see that you tried resolving it directly first, and it strengthens your case if you later escalate. Yes, screenshots, chat logs, and payment records are all valid evidence. Save whatever you have. Yes, cancelling doesn't remove your right to complain about what happened while you were paying for it. It depends how far it goes. SCORES generally requires a response within 30 days, and SMART ODR or arbitration takes longer, though many cases resolve at the conciliation stage without needing a full hearing. Yes, SEBI's toll-free helplines are 1800 22 7575 and 1800 266 7575, and they can provide the status of a complaint if you have your reference number.Frequently Asked Questions
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